Schlong - personal question/out of interest. Are you CFA qual or knowledge gained by experience? Just wondering anyway.
Now, the serious question - I have not been around for past recessions so haven't got a clue, but what's your take on the bigger picture re the impact the asset bubble burst would have on the risky assets. Would the undervaluation of these assets attract some of that money which is made quite easily so far due to the increased money supply or do you think the risk will be completely off the table. Just wondering whether longs turn to shorts or whether they come out of normal risk asset longs and go into risky asset longs, e.g. Some aim companies? I doubt it somehow which makes me think we are scr7wed when an asset bubble exists and scr7wed when it bursts.
Have been here in BLVN for a while...entered in the 70s and missed my chance to top slice in the 90s but hey Ho...will come good in the end. Still awaiting the big rise in Edge resources...built up well on Friday with news possibly due next week....is still my 'tip at the bottom' after someone on here pointed me towards it! SP fallen from mid 20s on INCREASED production this spring. Way oversold because of nothing but impatience over spring breakup which OS now ended. CEO has stated that we are due an 'exciting reserve update' and a 'runway' of shallow, easy drill are about to be announced after seizmics and 3D imaging during breakup. Production will then steadily rise from an already impressive 1000 bopd...and all still for 13p....from being mid 20s a few months ago! Very few shares in public hands and interest was picking up on Friday so expect news soon! Anyway...just my tip at the bottom as hate spikes! But good luck here, will come good and is, as has been stated, undervalued and oversold after suffering 10% syndrome like SO many other shares on AIM at the moment.
Excellent post, both xel & blvn are hugely undervalued due to a combination of factors & have only added to that disparity in recent weeks & months with recently added reserves.
For those prepared to do patient, a significant chunk of that disparity should erode as some of that combination of factors changes.....the market appreciating the better smaller caps as the QE bubble deflates, further steps by both companies on their paths to monetisation, proof of ability to fund their production plans, erosion of the fear of further equity dilution,the industry looking for bankable assets & valuing those assets on a realistic basis.
I'll hold & top up on any further dips but whether it's next month, this year or sometime closer to planned production, a significant proportion of the trapped value will be released either by the continued paths to monetisation or the action/s of preditor/s who would have these these undervalued assets on their radars......gla
Alexis - where did I say it had arrived? I said their view was a correction was coming! Having worked and spent a lot of time with these guys they don't get many things wrong.
This is an obvious equities bubble funded by state liquidity so anything with a yield has been pursued relentlessly hence the huge disconnect between AIM and the FTSE.
Peripheral bond yields are creeping up again, open interest in puts and other downside protection trades in equity have been getting placed - that said many still believe that the rally has some legs but are playing this with options. The point was more that just one of any huge number of possibilities why quant and macro funds are short here and not event driven funds!
When it comes to stocks such as this - this is an asset rich company and an asset where there is still huge demand and only a finite amount - big oil and national oil need to keep their reserves topped up and are happier to let the smaller companies exlore, do the risky exploration and then step in. I doubt this will get to production as 'Bowleven ' as all the jigsaw pieces get put in place.
pleased to inform the national and international community a discovery of two reservoirs intervals of condensate and gas bearing sands of a total of 95 meters of net pay
Middle Isongo Formation, logged 25 meters TVD net hydrocarbons the maximum daily flow rate of 23 million cubic feet of gas and 3,155 barrels of condensate
Intra Isongo Formation, logged 70 meters TVD net hydrocarbons of which 43 meters were perforated for the production tests the average daily flow rate of 37 million cubic feet of gas and 4,664 barrels of condensate.
The combined maximum daily flow rates of Middle and Intra Isongo are 60 million cubic feet of gas and 7,819 barrels of condensate. These rates could have been higher using increased tubing size. The condensate is high quality (approximately 43 degree API).
The total volumes of hydrocarbons (P50 in-place) of the IM field are estimated at 155 million barrels of condensates and 1,050 billion cubic feet of gas.
The well is being suspended as a future development/production well.
the Rio del Rey Basin has not spoken its last word in terms of important oil and gas potential
pleased with the positive results of the IM-5 well which occurred after those of IE-3 appraisal well drilled in 2010
the total volume of these discoveries is important, we would like to move quickly to the development phase We look forward, with our upstream stakeholders, to invest in the exploration, (says SNH)
way beyond our expectations the availability of sufficient gas and condensate reserves to enable us proceed to development. further substantial prospectivity supply the fertilizer plant and potentially other end-users (says Chief Tabetando)
The flow rates, achieved on test, demonstrate substantial well deliverabilityand further strengthen the foundation for the planned development phase of Etinde. high deliverability , we are confident that we will be able to reduce the number of wells required to supply the planned fertilizer plant. (says Kevin Hart) THE LAST REMARK IS INTERESTING. THEY ARE NOT PLANNING TO REDUCE THE NUMBER OF WELLS, IT IS JUST THAT LESS OF THEM WILL BE NEEDED TO SUPPLY THE FERTILIZER PLANT. THE OTHER FUTURE WELLS CAN SO SUPPLY OTHER PROJECTS/CUSTUMERS...
not only delivered a substantial increase in estimated hydrocarbon volumes, but it has also confirmed the presence of liquids rich hydrocarbons at the Isongo Marine field, a significant value driver for development plans on Etinde.
In addition to proving that there are more than sufficient gas volumes present on a P90 basis to meet 70 mmscfd dry gas requirements of the fertilizer plant, the IM-5 well has also derisked considerable further prospectivity with significant volumetric upside on the block.
deliver value to all stakeholders open up the significant hydrocarbon potential We look forward to the work ahead of us in 201
So thats where the expression came from. Trapped by the b"lls. lol Certainly a lot happening in Cameroon. But would be nice to see something happen with a short term effect which will tickle the share price. ATB
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